According to Bridge Michigan, since 2019, our state has spent $1 billion on corporate subsidies to create 13,000 jobs. Meanwhile, the Michigan Legislature voted to impose a crushing new tax on a nascent industry that has created at least 40,000 jobs .
Cannabis is already subject to a 10% excise tax and 6% retail tax. The new state budget adds a 24% wholesale tax. It will kill the goose that laid the golden egg.
In 2024 alone, cannabis generated over $520 million in Michigan sales and excise tax . Michigan sells more cannabis per capita than any other state. That will change with a massive new tax. Demand from states with more expensive cannabis will dry up, and people will turn back to the illicit market.
Singling out the cannabis community to shoulder the burden of “fixing the da